NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Fee Structures: Detailed in PPM, including management and performance fees.
  • Exit Strategies: PPM outlines options like IPOs, sales, or mergers for fund closure.
  • Valuation Norms: Documentation specifies periodic valuation for NAV reporting.
  • Fund Audits: Mandatory to ensure accuracy of financial and operational reports.
  • Investor Reporting: PPM mandates periodic disclosures on performance and risks.

NISM 19E Alternative Investment Fund Managers

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